This is the preliminary (or launch) version of the 2022-2023 VCU Bulletin. This edition includes all programs and courses approved by the publication deadline; however we may receive notification of additional program approvals after the launch. The final edition and full PDF version will include these updates and will be available in August prior to the beginning of the fall semester.

The minor in risk management and insurance provides students with the skills necessary for success in risk management as it applies to individuals and enterprises. Careers in the RMI industry include the private sector, government agencies and nonprofit organizations. Students gain insights into managing property, liability, life-cycle risks (life, health, disability and pensions), financial risks, and cyber risks. InsurTech, the intersection of insurance and technology, is another dimension of the minor that is taught. 

Finance majors with a concentration in risk management and insurance are not eligible to complete this minor. 

The minor requires a minimum of 18 credits and students must attain a minimum cumulative GPA of 2.0 in the courses fulfilling the minor.   

Students should take FIRE 309 first, as it is a prerequisite for the other RMI courses.

Course Title Hours
Required courses
FIRE 309Risk Management and Insurance3
FIRE 429Property and Liability Insurance3
FIRE 439Life Cycle Risk Management3
FIRE 459Insurance Law3
Select two:6
Legal Environment of Business
Principles of Consulting
International Consulting Practicum
Microeconomic Theory
Macroeconomic Theory
Personal Financial Planning
Principles of Real Estate
Financial Management
Financial Modeling
Independent Study in Finance, Insurance and Real Estate
Emergency Planning and Incident Management
Risk and Vulnerability Assessment
Managing People in Organizations
Strategic Management
Marketing Principles
Introduction to Personal Selling
Selling in the Business Marketplace
Business Statistics I
Business Statistics II
Total Hours18